Tag: Sri Lanka
Sri Lanka hopes for current account surplus in BOP after 2016: CB Governor
Aug 16, 2013 (LBO) – Sri Lanka hopes to have a current account surplus in the balance of payments after 2016 Central Bank Governor Nivard Cabraal said. A capital account deficit country, or a country that builds up foreign reserves could have a current account surplus. “Sri Lanka will have inflows to the country,” Cabraal […]
Petro Projects
Aug 15, 2013 (LBO) – Sri Lanka’s Laugfs gas group has been give the nod to build liquefied petroleum gas terminal and a lubricant blending plant with investments of 21.14 million US dollar at Hambantota port, a minister said. Both projects will serve export markets. Information minister Keheliya Rambukwelle said the cabinet of minister had […]
EU concerned over Sri Lanka protestor killings, attacks on mosques, churches
Aug 13, 2013 (LBO) – The European Union Delegation in Sri Lanka has expressed concern over the killing of unarmed protestors by the military and series of attacks on mosques and churches by religious nationalists. “The right to freedom of peaceful assembly and the right to freedom of worship are fundamental to democratic societies and […]
Muslims close Sri Lanka mosque after Buddhist unrest
COLOMBO, August 12, 2013 (AFP) – Sri Lanka’s Muslim leaders closed down a new mosque in Colombo on Monday after attacks by a Buddhist mob revived simmering religious tensions and sparked US concern.The Sri Lanka Muslim Council said it had agreed to shut its Grandpass mosque and move to an older place of worship which […]
New Zealand dismisses Sri Lanka Fonterra milk scare
WELLINGTON, August 12, 2013 (AFP) – New Zealand on Monday rejected allegations from Sri Lanka that its dairy products were contaminated with a farm chemical, accusing industry rivals of exploiting fears stirred by a recent botulism scare.While no infants fell ill after consuming tainted product, the scandal hurt Fonterra’s brand in the massive China baby […]
Sri Lanka lifts curfew as Muslims fear more violence
COLOMBO, August 11, 2013 (AFP) – Sri Lankan police lifted a curfew on a Colombo neighbourhood Sunday after a Buddhist-led mob attack on a mosque raised religious tensions and left the Muslim minority fearing further violence.Hundreds of police, including anti-riot squads and elite Special Task Force commandos, remained on alert in the Grandpass district following […]
Curfew in Colombo as tensions rise after mosque attack
August 11, 2013 (AFP) – Sri Lankan police clamped a fresh curfew on a Colombo neighbourhood Sunday, a day after a Buddhist-led mob vandalised a mosque in an incident that raised religious tensions and sparked US concern.All four people injured in the attack, including two police constables guarding the mosque, remained in hospital Sunday. Residents […]
Assault on mosque revives Sri Lanka religious tensions
COLOMBO, August 10, 2013 (AFP) – Sri Lankan police deployed commandos and imposed a curfew on a Colombo neighbourhood Saturday after a Buddhist-led mob attacked a mosque, wounding four people and reviving simmering religious tensions, officials said. Police sources said elite Special Task Force commandos were deployed to help maintain law and order following mob […]
Sri Lanka Fonterra says milk powder safe, but recalling some product
Aug 09, 2013 (LBO) – Sri Lanka’s Fonterra unit said it was recalling some product from the market on a health ministry directive but the chemical alleged to be in milk powder was not toxic and its use had been stopped last year. Fonterra Lanka chief Leon Clement said two batches of Anchor and Anchor […]
” forex reserves
Aug 09, 2013 (LBO) – Sri Lanka probably has ‘mamma’ bear forex reserves an International Monetary Fund official said responding to the official position that the country had ‘goldilocks’ reserves that were just right. The Central Bank also has to repay the IMF about another 250 million US dollars in the second half of 2013, […]
Dumped Queen Victoria to get new life before Sri Lanka summit
COLOMBO, August 8, 2013 (AFP) – A statue of Queen Victoria which was banished from Sri Lanka’s presidential palace amid fears it brought bad luck will now be spruced up for an upcoming Commonwealth summit.The 1897 statue of the former British monarch seated on a throne had been banished from the palace a few years […]
Cardinal slams Sri Lanka army for attack inside church
COLOMBO, August 7, 2013 (AFP) – The Roman Catholic church Wednesday slammed Sri Lanka’s army for storming a church and assaulting residents trying to escape soldiers firing on villagers protesting against contaminated water.The shootings came ahead of a visit to the island by United Nations rights chief Navi Pillay later this month. Pillay is due […]